Real Estate Investors (LON:RLE) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of Real Estate Investors Plc (LON:RLEGet Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 32.06 and traded as low as GBX 31.45. Real Estate Investors shares last traded at GBX 31.45, with a volume of 9,290 shares trading hands.

Real Estate Investors Trading Down 0.8%

The company has a fifty day moving average price of GBX 32.08 and a two-hundred day moving average price of GBX 32.06. The firm has a market capitalization of £54.99 million, a price-to-earnings ratio of 47.66 and a beta of 0.66.

Real Estate Investors Company Profile

(Get Free Report)

Real Estate Investors Plc is a publicly quoted, internally managed property investment company and REIT with a portfolio of mixed-use commercial property, managed by a highly-experienced property team with over 100 years of combined experience of operating in the Midlands property market across all sectors. The portfolio has no material reliance on a single asset or occupier. On 1st January 2015, the Company converted to a REIT. Real Estate Investment Trusts are listed property investment companies or groups not liable to corporation tax on their rental income or capital gains from their qualifying activities.

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